FINAL EXAM

FINAL EXAM

48 Qs

quiz-placeholder

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FINAL EXAM

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Assessment

Quiz

others

Practice Problem

Hard

Created by

Taywone Mcnack

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48 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the final step of the scientific method?

evaluating the hypothesis
analyzing the information
conducting the experiment
organizing individual data

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A ________ is a visual representation of the relationship between two given sets of data.

method
graph
curve
model

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Part of the rational-behavior model theory is that

people usually don't think rationally about the long-term consequences of their actions.
people act upon their own interest, without taking into account the well-being of others.
most decisions people make involve choices about a little more or less of something.
markets do better than anyone else at coordinating exchanges between buyers and sellers.

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The famous economist who came up with the invisible hand theory is

Steven Landsburg
Steven D. Levitt
Henry Hazlitt
Adam Smith

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

People’s wants are unlimited. This fact means that which of the following is always present?

scarcity
shortages
costs of production
marginal utility

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What are the factors of production?

goods and services
risk and opportunity
land, labor, and capital
wages, salaries, and profits

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Ocean waves can be used to generate energy. Ocean waves are considered which type of resource?

capital
perpetual
nonrenewable
renewable

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